Germany GDP Growth Rate

The German economy shrank a seasonally-adjusted 0.2 percent on quarter in the three months to September of 2018, unrevised from the preliminary estimate and after a 0.5 percent growth in the previous period. This was the first quarterly contraction since the first quarter of 2015 due to declines in both exports and household consumption. GDP Growth Rate in Germany averaged 0.51 percent from 1970 until 2018, reaching an all time high of 4 percent in the second quarter of 1970 and a record low of -4.50 percent in the first quarter of 2009.

GDP Growth Rate in Germany is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Germany to stand at 0.50 in 12 months time. In the long-term, the Germany GDP Growth Rate is projected to trend around 0.60 percent in 2020, according to our econometric models.

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German Q3 GDP Contraction Confirmed

The German economy shrank a seasonally-adjusted 0.2 percent on quarter in the three months to September of 2018, unrevised from the preliminary estimate and after a 0.5 percent growth in the previous period. This was the first quarterly contraction since the first quarter of 2015 due to declines in both exports and household consumption.

The largest negative contributions to the GDP growth came from foreign trade (-1 percentage points) and household consumption (-0.1 percentage points). Meanwhile, government spending was neutral while gross fixed capital formation added 0.2 percentage points to the GDP and changes in inventories contributed 0.7 percentage points.

Exports of goods and services declined by 0.9 percent in the third quarter, compared to a 0.8 percent growth in the second quarter. At the same time, imports grew 1.3 percent, following a 1.5 percent rise in the previous period.

Year-on-year, the economy expanded a calendar-adjusted 1.1 percent in the third quarter, following a 2 percent growth in the previous three-month period. On an unadjusted basis, the GDP grew by 1.1 percent, much weaker than a 2.3 percent advance in the June quarter.

Destatis | Rida | rida@tradingeconomics.com11/23/2018 4:05:52 PM

News

German GDP Contracts for 1st Time in 3-1/2 Years
The German economy shrank 0.2 percent on quarter in the three months to September 2018, worse than market expectations of a 0.1 percent fall and following a 0.5 percent growth in the previous period, a preliminary estimate showed. This was the first quarterly contraction since the first quarter of 2015 due to declines in both exports and household consumption.Published on 2018-11-14

German Q2 GDP Growth Confirmed at 0.5%
The German economy advanced a seasonally-adjusted 0.5 percent on quarter in the three months to June of 2018, following a 0.4 percent growth in the previous period and matching the preliminary estimate.Published on 2018-08-24

German Q2 GDP Growth Stronger than Expected
The German economy grew a seasonally-adjusted 0.5 percent on quarter in the three months to June 2018, following an upwardly revised 0.4 percent expansion in the previous period and beating market consensus of 0.3 percent, a preliminary estimate showed.Published on 2018-08-14

German Q1 GDP Growth Confirmed at 1-1/2-Year Low
The German economy expanded a seasonally-adjusted 0.3 percent on quarter in the three months to March of 2018, following a 0.6 percent growth in the previous period and matching the preliminary estimate. It was the weakest pace of expansion since the September quarter of 2016.Published on 2018-05-24

Germany GDP Growth Rate

Germany is the fifth largest economy in the world and the largest within the Euro Area. Germany is the second largest exporter in the world and exports account for more than one-third of national output. As such, the export of high added value products has been the main driver of growth in recent years. Composition of the GDP on the expenditure side: household consumption (55 percent), gross capital formation (20 percent, of which 10 percent in construction, 6 percent in machinery and equipment and 4 percent in other products) and government expenditure (19 percent). Exports of goods and services account for 46 percent of GDP while imports for 39 percent, adding 7 percent to total GDP. This page provides the latest reported value for - Germany GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.